Cho Kuk, head of the Fatherland Reform Party, said, ”The Democratic Party and the People Power Party agreed to abolish the financial investment tax, but the stock market crashed... This is populism” (South Korea)

Cho Kuk, head of the Fatherland Reform Party, said on the 3rd, "Stock prices have plummeted even though the Democratic Party and the People Power Party (ruling party) agreed to abolish the financial investment income tax. The causal relationship has not been confirmed.
"This is populism. Rather than being punished for complicity in stock price manipulation, it is still being treated as a right," Cho wrote on his social media account.
"Shouldn't we see a causal relationship between the fact that the ruling party is No. 1 in the power rankings and the stock market crash?" Cho wrote.
"Our stock market is struggling, not so much so that it is soaring," he continued. "Earlier, the Democratic Party of Korea has been pushing the issue of tax cuts for the rich, such as abolishing the crime of embezzlement by businessmen and introducing separate taxation on dividend income.
The Democratic Party is actively responding to the People's Power, the rich, and the conservatives' calls for tax cuts for the rich. This is wrong. If we talk about tax cuts for the rich, the tax burden will be shifted to the common people and the middle class.
"The principle that there is tax where there is income also collapses. If we give everything to the rich like this, the benefits will only go to the rich," Cho said.
If that were to happen, who would raise the cattle? Next year's growth rate will fall to the 1% range, so how will we manage the finances and manage the country's finances without taxes?" he demanded.
He added, "The Democratic Party of Korea has promoted itself as a party for the middle class and ordinary people. Presidents Kim Dae-jung and Roh Moo-hyun have said,
"I've always prided myself on being a pioneer of the Japanese arts. Now, are we going to abandon that spirit and that orientation?"